🌍📈 Aramco CEO Predicts 1.3 Million BPD Surge in Global Oil Demand for 2025

Aramco CEO Amin H. Nasser, speaking at the World Economic Forum, announced expectations for global oil demand to increase by 1.3 million barrels per day (bpd) this year, reaching 106 million bpd. He emphasized the oil market's continued health despite global uncertainties. Nasser commented on the impact of U.S. sanctions on Russian crude tankers, noting the early stage of their effects, with over 2 million barrels potentially affected. He also confirmed Saudi Arabia's commitment to OPEC+ agreements, with the Kingdom producing at around three-quarters of its capacity. On future ventures, Nasser highlighted Aramco’s collaboration with LNG firm MidOcean, focusing on global expansion in the liquefied natural gas sector.